The banking department acts on behalf of nearly all the major commercial banks in Israel both representing them in bank related litigation and also in a wide range of legal issues requiring specialised legal knowledge and up to date expertise of current legislation and regulatory requirements for banking.
The legal services in litigation on behalf of banks range from high- end debt collection, insolvency cases representation in liquidations and receiverships, creditors’ settlements and representing the banks’ interests in stay of proceedings litigation intended to preserve at-risk entities as going concerns. As experienced attorneys in the banking sector the partners are often the candidates of choice to represent bank consortiums. The department’s special expertise means that they will necessarily be chosen to represent banks in high-end credit files involving loans and credit for tens and often hundreds of millions of shekels in all sectors of the Israel economy.
The department is and has been active in all the most significant insolvency proceedings in Israel in the last years where the bank sector is necessarily always involved, either directly representing banks or as court appointed officers.
One significant area where the department is advising banks is in relation to compliance and implementation of legislation and regulation for anti-money laundering and the prevention of finance of terror. These services extend also to representation of banks in litigation issues relating to the sensitive issues of bank compliance with regulations which can often generate conflicts between the bank and bank clients or potential clients. As the banking industry is in the forefront of anti-money laundering compliance it is particularly significant that the department is entrusted by leading banks with advising and representing in court at all levels in this sensitive area.
In addition, the department is highly experienced in defending banks in specialised litigation conducted against banks, which involves an entirely separate skill set of legal expertise, with numerous successes in dismissing actions brought against banks.